If I have 1989 Mexican pesos, are they expired? Can they be traded for current currency?

Question

If I have 1989 Mexican pesos, are they expired? Can they be traded for current currency?

Answer 1

They don't expire, but do change in value.  Check a business section of a newspaper for currency exchange, or just type currency exchange in a search engine for current rates.  I just checked and it takes about 10.99 Pesos to get 1 dollar.  Don't forget that exchange places will charge you a fee for their service.

edit:  pesos prior to 1993 are worth 1000 times less as I just learned.  That was when they changed their currency.

Answer 2

Yes, the new currency took effect in 1994.  You may be able to trade them, but they will unlikely be worth much.   I can tell you roughly what they are worth.  If you have 1000 old pesos (pre-1994 is old), that is the equivalent of 1 new peso, or a dime.  Not much.  If you have 10,000 old pesos, that would be 10 pesos, or one US dollar.  I have seen the old pesos sold as souveneir in numerous stores across Mexico.

Answer 3

Good luck.  They don't usually trade them anymore at banks.  Think of it as novelty and keepsake.

Answer 4

Useless but pretty !!!

This is what works now

http://sparks-mexico.com/Users/monedas.j...

Answer 5

they are now souvenirs